with information obtained by hacking his phone or other illegal means. some bad news for drivers. the energy department is predicting that oil and gas prices will rise next year because of saudi arabia s decision to slash oil production and an agreement to extend its output cuts. the department boost ed its forecast for oil prices by 14.5% for the third quarter of 2024 and now it expects gas prices to average $3.38 a gallon. that s up by 7.3%. so this morning, we are getting new reaction from golfers following the shocking announcement that the pga tour and the saudi-backed liv golf tour will merge. we re hearing from the likes of mega stars including rory mcilroy, who have been severely critical of liv throughout the year. liv golf is bankroll ed by saud
of the most popular menu items is chicken wings. you guessed it. the national chicken council estimates the americans will eat 1.5 billion chicken wings this weekend along. native grown wings restaurants in phoenix say their sales this week are up to 400% higher than usual. who doesn t want to have wings on a super bowl sunday, right? so native grown wings, we ll probably go through about 65,000 to 70,000 wings this week alone. gee, wow! good news is the chicken wing that cost you $3.38 a pound last year are down to $2.65 a pound! avocados for that guac will run you 20% less than last year. that said, overall food prices as you know have been on the rise for the past 25 straight months with overall grocery prices up 12%. cookies are up a whopping 18%. that hurts. other party favorites, alcohol
after dow fell 6 or points. nasdaq 7-day 20 straight and appeared december retail filled most of the year. inflation has consumers pulling back a little bit. inflation wholesale pump gas prices to pennies overnight, $3.38 a gallon. jobless claims figures to out this morning 8:30 a.m. eastern time. bring in strategists and principal asset management. good morning, nice to see you. good morning. so, inflation looks like it has peaked, that s a good thing. but the global recession fears are still very much alive. square those two things if you will. sure. as you said, inflation is peaking, good news. decelerate through purpose of 2023. after member inflation coming down naturally because improving supply chains. starting to improve as well. one of the recent inflation, down is because economy is
will pay an extra £63.38 in tax, very detailed. by way of comparison, that means it would be £1552 more per year than someone on the same salary elsewhere in the uk, does that sound right to you? yes. salary elsewhere in the uk, does that sound right to you? yes, that is the right that sound right to you? yes, that is the right order. that sound right to you? yes, that is the right order. the that sound right to you? yes, that is the right order. the reason - that sound right to you? yes, that is the right order. the reason we i is the right order. the reason we have taken this decision is to make sure we are able to raise the funds necessary to invest in public services at such a critical time, given the turbulence we face, the levels of inflation we are wrestling with and the huge damage that has been done to public finances by the kwasi kwarteng budget in september and all the implications that has. we have asked people on higher incomes to pay slightly more in taxation as p
brink of recession with a very real possibility of a catastrophic default. hang seng reversed some of monday s gain. they eased some covid test requirements. on wall street stock index futures are pretty much narrowly mixed here after a down day for stocks. 482 points off dow. s&p and nasdaq fell more than 1%. a strong batch of economic news says higher rates are here for longer and a survey from the business roundtable shows ceos more cautious amid persistent and global economic headwinds. on inflation watch, gas prices fell another two pennies sitting at $3.38 a gallon. let s bring in harvard economics professor ken robof. so nice to see you. we ve been seeing hopeful signs that inflation might be peaking. what do you think about wages? strong wage growths and strong